All Corporate articles – Page 72
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News briefs
Invista has announced that it is exploring alternatives for its...
Invista has announced that it is exploring alternatives for its Apparel & Advanced Textiles business. The company might either sell it or retain it and further invest in the business from within. Goldman Sachs is assisting the company in exploring strategic alternatives. Details about the exploration process are not being ...
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Short stops
Amer Sports has decided to repurchase up to ten million...
Amer Sports has decided to repurchase up to ten million of its own shares between Feb. 13 and Sept. 7, based on the authorization given by its annual general meeting last March 6
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Short stops
Andy Gugenheimer, the well-known sporting goods industry expert and head-hunter,...
Andy Gugenheimer, the well-known sporting goods industry expert and head-hunter, has launched a kickstarter campaign for “the most functional travel backpack”
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News briefs
Sport Press, the Italian publishing company, has launched a new...
Sport Press, the Italian publishing company, has launched a new trade magazine for wearable technologies in our sector, Sportech Magazine, accompanied by a dedicated website, a newsletter and a social network. It joins its other magazines: Point Break, Outdoor Magazine, Running Magazine, Bike4Trade and Sport4Trade.
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News briefs
The number of outstanding shares in the Thule Group will...
The number of outstanding shares in the Thule Group will increase by 1,036,455 to 102,072,910 as a result of an exercise of warrants. All the newly subscribed shares have been sold, resulting in proceeds of about 109.6 million Swedish kronor (€11.6m-$12.2m). The warrants were held by eight senior executives of ...
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News briefs
Hilco Vision is acquiring Croakies, a 40-year-old American specialist in...
Hilco Vision is acquiring Croakies, a 40-year-old American specialist in rather cool eyewear retainers and related accessories for outdoor lifestyle pursuits. Hilco, which has made many other acquisitions lately, will keep Croakies' manufacturing unit in Bozeman, Montana, and will try to expand the brand's presence internationally. The details of the ...
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News briefs
Callaway Golf Co. is taking over Ogio International for $75.5...
Callaway Golf Co. is taking over Ogio International for $75.5 million in cash, equal to about 7.6 times projected incremental Ebitda after integration costs. Major synergies are expected in the supply chain and go-to-market strategies with Ogio, a specialist supplier of golf bags and apparel that also sells travel luggage, ...
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News briefs
Norrøna, the Norwegian outdoor company, has launched an entity focusing...
Norrøna, the Norwegian outdoor company, has launched an entity focusing on innovation, Norrøna Q, to complement its wholesale and retail activities. Norrøna Q primarily consists of a research and development center established at the group's head office in Lysaker, near Oslo. The company explains that the entity is meant to ...
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News briefs
Lyon Equipment, one of the leading distributors of outdoor products...
Lyon Equipment, one of the leading distributors of outdoor products in the U.K., has acquired Totaloption, a much smaller British distribution firm specializing in water sports products. Lyon is the employee-owned company that sells brands from Petzl to La Sportiva, Exped, Ortlieb, Julbo and more, while Totaloption has distribution agreements ...
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Short stops
Slackline Industries relocated to Boulder, Colorado following an agreement by...
Slackline Industries relocated to Boulder, Colorado following an agreement by the city to allow slacklines in some of its public parks
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News briefs
Sport Partner, Hike & Trekking, Bike & Trekking, E-Bike &...
Sport Partner, Hike & Trekking, Bike & Trekking, E-Bike & Trekking, The Right Size and other Dutch trade magazines are been published by a new company, 333 Media, following the bankruptcy in November of Maruba Sports & Travel Publishers. The new company was started by Maas van Drie, former owner ...
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News briefs
Heiner Oberrauch, president of the Oberalp Group and Salewa, has...
Heiner Oberrauch, president of the Oberalp Group and Salewa, has reportedly decided to help refugees by giving them work in the fields that belong to his family. They will help cultivate organic fruits and vegetables that will be sold locally. He will start with about 20 refugees with the idea ...
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News briefs
Newell Brands has agreed to acquire Sistema Plastic, a producer...
Newell Brands has agreed to acquire Sistema Plastic, a producer of food storage containers based in New Zealand, for 660 million New Zealand dollars (€790.8m-$839.2m). Founded 34 years ago, Sistema has an annual turnover of around US$145 million, growing above the rate of Newell's core assets. It has diversified into ...
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News briefs
GoPro has announced a reorganization program that will involve the...
GoPro has announced a reorganization program that will involve the elimination of about 200 jobs, or 15 percent of its staff, and the closing of its entertainment division, in a bid to reduce operating expenses by $650 million and return to profitability in 2017. The entertainment division was supposed to ...
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News briefs
Boa Technology, the company known for its unique closure system,...
Boa Technology, the company known for its unique closure system, has broken ground in the Denver area for the construction of a new 140,000-square-foot office building. Targeting LEED Silver certification, it will have one of the largest private green roofs in the city. The building will house the Boa Fit ...
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News briefs
Sports Direct International (SDI) is working to implement a “more...
Sports Direct International (SDI) is working to implement a “more tailored approach” for its European stores. Combined with unfavorable exchange rates, these unspecified changes are expected to result in a continued weak performance from this division in the medium term, the company reports as part of its results for the ...
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News briefs
Canada Goose would like to go public sometime in 2017....
Canada Goose would like to go public sometime in 2017. Bain Capital, which acquired a majority stake in the Canadian company three years ago, is said to be seeking a valuation of $2 billion in the planned initial public offering. Credit Suisse, the Canadian Imperial Bank and Goldman Sachs have ...
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News briefs
In May 2017, Columbia Sportswear will relocate the headquarters of...
In May 2017, Columbia Sportswear will relocate the headquarters of Sorel and 45 employees to the downtown area of Portland, Oregon, but it will keep its own global head office in Washington County, where it moved from downtown Portland in 2001. Columbia bought Sorel in 2000. Tim Boyle, chief executive ...
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News briefs
Anke Stärk, 28 years old, and Karin Roth, 45, are...
Anke Stärk, 28 years old, and Karin Roth, 45, are supporting Lowa's marketing department, led by Michael Frank, since Oct. 1. Stärk is responsible for public relations and corporate publishing, supporting Frank with Lowa's print and online communication. Stärl previously worked in the PR department of Bruckmann, J. Berg and ...
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News briefs
Veraison Capital, a Swiss investment firm, has reportedly acquired a...
Veraison Capital, a Swiss investment firm, has reportedly acquired a 16.31 percent stake in Calida Holding, the Swiss clothing company that is the majority shareholder of the Lafuma group. Established two years ago, Veraison is known as an active shareholder, specializing in what it describes as companies that are under-rated ...
